JPMorgan Chase & Co. Reiterates “Neutral” Rating for Imperial Brands PLC (IMB)

Imperial Brands PLC (LON:IMB)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday, July 31st. They presently have a GBX 3,770 ($49.09) price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 18.89% from the stock’s current price.

IMB has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) raised their price objective on Imperial Brands PLC from GBX 4,070 ($53.00) to GBX 4,100 ($53.39) and gave the stock a “buy” rating in a research note on Thursday, June 29th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 4,150 ($54.04) price target on shares of Imperial Brands PLC in a research note on Monday, May 8th. Whitman Howard reissued a “buy” rating and issued a GBX 5,100 ($66.41) price target on shares of Imperial Brands PLC in a research note on Monday, July 31st. Citigroup Inc. reissued a “neutral” rating and issued a GBX 3,700 ($48.18) price target on shares of Imperial Brands PLC in a research note on Thursday, April 27th. Finally, Jefferies Group LLC dropped their price target on Imperial Brands PLC from GBX 4,400 ($57.30) to GBX 4,300 ($56.00) and set a “buy” rating on the stock in a research note on Monday, May 22nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 4,205.83 ($54.77).

Imperial Brands PLC (IMB) opened at 3171.00 on Monday. The firm has a 50-day moving average price of GBX 3,416.58 and a 200 day moving average price of GBX 3,661.08. Imperial Brands PLC has a 52-week low of GBX 3,112.50 and a 52-week high of GBX 4,154.00. The stock’s market cap is GBX 30.26 billion.

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In other news, insider Simon Langelier acquired 24,100 shares of Imperial Brands PLC stock in a transaction dated Wednesday, July 19th. The stock was bought at an average price of GBX 3,447 ($44.89) per share, for a total transaction of £830,727 ($1,081,816.64).

About Imperial Brands PLC

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

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